Is Interest on Unsecured Loan, paid in cash (e.g. 10,000 per month) Allowable Expenditure ???
It is assumed that T.D.S. is deducted.
kindly advice the same...
Menu
Interest on unsecured Loan
Replies (2)
yes it is allowable Expenditure subjet to availment of PAN cards of lenders
Thanks. But will S.269T have any impact on the above case. please advice...
Recent Threads
- Taxablity of GSLI under Income Tax
- Final new course clarification
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
Related Threads
CAclubindia
